Thread regarding ExxonMobil Corp. layoffs

Fed up of the India is everything BS in GP, it's truly an awful organization if you're HC10. I'm out end of the month, just no future what so over in GP if you're not from India unfortunately.

Putting in my two weeks notice on Monday! It has been a wild ride! I never thought it would end this way. Sick of the BS. So happy to not have to write up another PADP.

Add my name to the list! Adios

RE folks retirement timing based on interest rates is very normal. However the amount of well-performing mid-career people (35-45 years old), leaving (and not from PIP) is a new & real concern for Global Projects

Please tell what departments are losing these experienced persons.

Heard yesterday that 2 very experienced guys leaving at end of November, to hit the December 1st deadline for the 4Q interest rate. Both said would lose more money than their salaries by staying another quarter.

How many more RE folks departing in November?

Actually most of recent (last ~10) are notable/regretted resignations who had high performance categories like outstanding/excellent and most with “executive” potential. They were about 15 years of experience. I’m in CPM so I have some intel.

They probably just saw the writing on the wall; whether slowing promotions, reduced salary actions, lateral new roles, pressure to use low quality BTC, and/or threats of performance/potential reduction if they didn’t take expat assignments (while updated policy has less benefits)

VPs spin most cases as it was personal preferences and nothing that the company did to cause. Ha. Will see if someone asks a tough question at upcoming GP forum in November.

How many are really voluntary resignations, such as to beat the interest rate increase?

Some may be people that received their second NSI in 5 years and forced to resign.

A couple more from GP left in the last week. Including one who was working in D&S.

Most of these resignations are going to infrastructure projects which appear to pay more. And have better incentives.

I get these companies/industries won’t be used in the compensation benchmarking.

@1bx Look in LinkedIn. What are you an executive used to asking people to wipe your a-s for you?

Please give a list of initials and titles of those that left. No names so readers outside of EM will not know.

A leading indicator for time to leave is when you are instructed to train your replacement in India.

Does not matter that the 15 year experienced hire is incompetent like a year 1 campus hire.

Get that Resume updated, the writing is on the wall and in the EBBI presentation.

@19h yep more this week including planners. Kind of makes you wonder what the planners saw that made them quit.

Any new resignations this week ?!?

BPO like rats off a sinking ship

@qc Too long of a list. Many people are retiring. Many people are quitting.

I am working hard to identify my next role outside the company and leave GP. CL28, -~15 years with company

@d7… initials please, who’s expected to retire soon. Also initials for who is the likely replacement.

Some of the people taking a “Leave of Ansence” are really people that wanted to quit but EM Management asked them to just take some time off and consider coming back.

Well one guy is retiring soon. So the protections maybe going away. Don’t blame me. Blame Sam. He did call in favors for folks in UNcON though. Everyone got their piece of the pie even though they didn’t deserve any of it. Hopefully the finance people will see all the money spent.

Cl28, also had ranking tank in GP. Most toxic organization in the company, clear why folks want out and move themselves.

Confusing the Canadian and Europe cuts with actual resignations. No one wants to leave this company when there’s such outstanding leadership.

@a7 actually just as bad, many people have great performance results (not tanking) but company doesn’t reward it.

I am also a GP. CL634. They tanked my ranking too.

Bengaluru will save us! Ha anyone good or even average from there leaves after 2-3 years. Very frustrating to invest time in trying to help them and get no credit for that and then they leave.
No more.

I’m overseas and about done with this sh!tty expat policy. Not to mention basically zero raises and no promo in a long time. I know two that left from mid east. Other company has different pay structure but better overall. And in the US

Meanwhile they give themselves big raises and more stock. Fu--ing a--holes.

Even some employees on expat assignment resigned. Company has to repatriate them. I am sure that makes the company mad but who can blame people with the way we are being treated!

VPs hide behind ‘committees’ or say they can’t do anything about the corporate/MC decisions

Not sure what they actually do around here.

I am in GP. CL28. They tanked my ranking. I am interviewing to leave and once out the door will be doing everything I can to get the best people in GP to join me.